Tronox Limited (NYSE:TROX) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Wednesday, July 12th.
Shares of Tronox Limited (NYSE:TROX) traded down 1.00% on Wednesday, hitting $19.78. The company had a trading volume of 1,657,267 shares. The firm’s 50 day moving average price is $16.75 and its 200-day moving average price is $16.13. Tronox Limited has a 52 week low of $6.76 and a 52 week high of $20.20. The stock’s market capitalization is $2.32 billion.
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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in shares of Tronox Limited during the fourth quarter worth $3,160,000. Numeric Investors LLC acquired a new stake in Tronox Limited during the fourth quarter worth approximately $158,000. AQR Capital Management LLC increased its stake in Tronox Limited by 235.9% in the fourth quarter. AQR Capital Management LLC now owns 63,620 shares of the company’s stock worth $656,000 after buying an additional 44,678 shares during the last quarter. Renaissance Technologies LLC increased its stake in Tronox Limited by 27.6% in the fourth quarter. Renaissance Technologies LLC now owns 288,100 shares of the company’s stock worth $2,970,000 after buying an additional 62,400 shares during the last quarter. Finally, FMR LLC increased its stake in Tronox Limited by 188.2% in the fourth quarter. FMR LLC now owns 830,342 shares of the company’s stock worth $8,561,000 after buying an additional 542,200 shares during the last quarter. 89.24% of the stock is currently owned by hedge funds and other institutional investors.
Tronox Limited Company Profile
Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. It primarily operates in two segments, TiO2 and Alkali. The TiO2 segment engages in the exploration, mining, and beneficiation of mineral sands deposits.
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